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JD Group Selects PIC Solutions for Risk Management Support - JD Group Limited (JD Group), a leading African multi-chain furniture retailer, has signed an enhanced RiskMentor credit risk management contract with PIC Solutions.
JD Group Selects PIC Solutions for Risk Management Support

 

PRZOOM - /newswire/ - Cape Town, Western Province, South Africa, 2006/09/27 - JD Group Limited (JD Group), a leading African multi-chain furniture retailer, has signed an enhanced RiskMentor credit risk management contract with PIC Solutions. .

   
 
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This RiskMentor consulting contract is designed to provide JD Group with ongoing credit and risk management consulting support throughout the forthcoming year. JD Group can utilise resources from any area of PIC Solutions expertise, including credit risk management consulting, analytics and software services for all their credit risk initiatives. The RiskMentor service is on a retainer-basis and ensures maximum productivity, combined with the benefits of fixed monthly budgeting.

Through this RiskMentor contract JD Group has access to a range of turnkey solutions including risk management functions, collections policies, new and existing account profitability analysis and application scorecards validation. These services are designed to allow JD Group to capitalise on PIC Solutions expertise, enabling them to implement effective policies and procedures focused on delivering bottom-line business benefits.

Philip Kruger, Group Executive of Credit at JD Group, comments, “The flexibility of this RiskMentor relationship will enable us to minimise business risk and achieve our strategic objectives. PIC Solutions understands the dynamics of the South African retail credit industry and their skilled resources will provide significant value and expertise to our initiatives.”

Stephen Leonard, Managing Director of PIC Solutions, adds, “This RiskMentor contract is designed to provide JD Group with additional expertise to address the challenges they face in a competitive South African credit environment. Our experienced risk consultants will work across a wide range of their business sectors and we look forward to adding significant value to their new initiatives.”

About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip organisations. We are experts in the fields of credit, risk and software and have an established track record of success powered by solutions.

Our ongoing commitment is to enable clients to optimise the credit life cycle.

 
 
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JD Group Selects PIC Solutions for Risk Management Support

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Contact: Sarka Svoboda 
+27 (0)21 680-6000 Info[.]picsolutions.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PIC Solutions securities in any jurisdiction including any other companies listed or named in this release.

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